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Wednesday, 28 November 2018

Egypt court fines former CAF head Hayatou and secretary Amrani EGP 1 bn

Court slaps former Confederation of African Football officials with EGP 1 bn fine for antitrust violations: A Cairo Economic Court has fined former Confederation of African Football (CAF) head Issa Hayatou and former CAF Secretary-General Hisham El Amrani a combined EGP 1 bn for anti-competitive practices, Egyptian Competition Authority (ECA) head Amir Nabil said in a statement (pdf). The court found the two guilty of violating fair competition law by granting Lagardère Sports exclusive airing rights of CAF’s competitions through to 2026 without allowing other bidders. It remains unclear whether the court would be able to enforce its ruling. The case was brought to court by the ECA in January 2017, saying the practice is both against the law and damaging to the Egyptian economy.

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